Smart (Intelligent) Toilet Market : Global Demand Analysis & Opportunity Outlook 2023
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Product Code:
RP-ID-10000073 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
284 -
Category:
ICT & Telecom -
Publisher:
Pub-ID-9
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
Translate Report
Global smart toilet market reached more than USD 1 Billion in 2016 and is anticipated to register a CAGR of 12% across the globe. Moreover, the market is expected to garner USD 2 Billion by the end of 2024. The global demand for smart toilet is increasing due to the increasing utilization of smart toilet in the hospitality sector. Further, growing premium commercial real estate sector is anticipated to drive the future adoption of smart toilets. Further, penetration of internet of things (IoT) into washroom is also expected to positively impact the growth of the global smart toilet market over the forecast period.
The market of smart toilet is anticipated to achieve a Y-o-Y growth rate of 13.9% in 2024 as compared to the previous year. Moreover, expansion of mobile based smart toilet market is expected to create huge opportunities for the sanitary manufacturers and this would further expand the smart toilet market in near future.
Asia Pacific is slated to account for a leading share of more than 50% by 2024 in the smart toilet market. Expansion of hospitality sector and swelled disposable income of the consumers in the region is anticipated to provide growth opportunities for the key players.
Further, changing lifestyle of the consumer along with adoption of luxury products is expected to positively drive the growth of the market.
Kohler, DXV American Standard, TOTO Ltd., Roca Sanitario, S.A., are some of the prominent players in the smart toilet market. Amongst them, TOTO has captured the major market share in the global smart toilet market in 2017
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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